TSXV:SLX.P - Post by User
Comment by
Bogapeton May 03, 2011 1:22pm
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Post# 18523468
RE: RE: RE: Eric Sprott defends selling his silver
RE: RE: RE: Eric Sprott defends selling his silverMudCreeker makes sense...
Lets hope Sprott is taking some off the table. PSLV's premium to silver is insane. Nuts.
Expect a correction....its underway. Not a conspiracy just " traders " running a trend till it stops.
Owners of SLX,like myself have a problem since we lagged the metal on the way up. Where will we go if SILVER drops to $34/$36? Probably a TON of sell stops under $.68. Still too many Silver Bulls around... Echo chambers abound.
And Christian is in my camp on Silver...200 dma is $27 or so? HELLO?
https://www.kitco.com/kitconewsvideo/
This is what chartists are looking at. Raising margins makes sense. Has been telegraphed for weeks. Parabolic seldom ends well.
https://www.kitco.com/charts/techcharts_silver.html